PT Siantar Top TbkISX:STTP +5.28%95 Altman Z-Score is 15.89 as of Jun. 27, 2026, which is 30% above its 10-year median of 12.26. GuruFocus rates ISX:STTP with a GF Score™ of 95/100 and a GF Value™ of Rp10,869.06 (Fairly Valued). Among 1,933 Consumer Packaged Goods companies, PT Siantar Top Tbk ranks better than 95.5% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Good Sign:
Altman Z-score of 15.32 is strong.
PT Siantar Top Tbk has a Altman Z-Score of 15.89, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for PT Siantar Top Tbk's Altman Z-Score or its related term are showing as below:
ISX:STTP'
s Altman Z-Score Range Over the Past 10 Years
Min: 4.5 Med: 12.26 Max: 21.53
Current: 15.32
During the past 13 years, PT Siantar Top Tbk's highest Altman Z-Score was 21.53. The lowest was 4.50. And the median was 12.26.
PT Siantar Top Tbk (ISX:STTP) Altman Z-Score Explanation
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Altman Z-Score does not apply to financial companies.
PT Siantar Top Tbk Altman Z-Score Related Terms
PT Siantar Top Tbk Altman Z-Score Historical Data
* Premium members only.
The historical data trend for PT Siantar Top Tbk's Altman Z-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Packaged Foods subindustry, PT Siantar Top Tbk's Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PT Siantar Top Tbk Altman Z-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Siantar Top Tbk's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PT Siantar Top Tbk's Altman Z-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
PT Siantar Top Tbk's Altman Z-Score for today is calculated with this formula:
Z
=
1.2
*
X1
+
1.4
*
X2
+
3.3
*
X3
+
0.6
*
X4
+
1.0
*
X5
=
1.2
*
0.7017
+
1.4
*
0.887
+
3.3
*
0.165
+
0.6
*
21.0454
+
1.0
*
0.6341
=
15.89
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
PT Siantar Top Tbk (ISX:STTP) has a Altman Z-Score of 15.89 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Siantar Top Tbk and its competitors. This is 30% above median its historical median of 12.26. Over the past decade, PT Siantar Top Tbk's Altman Z-Score has ranged from 4.50 to 21.53. According to the industry distribution chart, PT Siantar Top Tbk ranks #87 out of 1933 companies in the Consumer Packaged Goods industry, placing it in the top 4.5%.
Is PT Siantar Top Tbk's Altman Z-Score too high?
PT Siantar Top Tbk's current Altman Z-Score of 15.89 is 30% above median its 10-year median of 12.26. Over the past 10 years, this metric has ranged from a low of 4.50 to a high of 21.53. The Consumer Packaged Goods industry median Altman Z-Score is 2.84. PT Siantar Top Tbk's value of 15.89 is 459.5% above this industry median. Based on the distribution chart, PT Siantar Top Tbk ranks #87 out of 1933 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, PT Siantar Top Tbk has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Siantar Top Tbk's Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, PT Siantar Top Tbk ranks #87 out of 1933 companies for Altman Z-Score. This places PT Siantar Top Tbk in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.84. PT Siantar Top Tbk's value of 15.89 is 459.5% above this benchmark. Historically, PT Siantar Top Tbk's own Altman Z-Score has ranged from 4.50 to 21.53 over the past decade. While the company's 10-year median is 12.26 vs. the industry median of 2.84, PT Siantar Top Tbk has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for a Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.84, based on 1,933 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Siantar Top Tbk's current Altman Z-Score of 15.89 is 459.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Siantar Top Tbk and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Siantar Top Tbk's current Altman Z-Score is 15.89, which is 30% above median its own 10-year median of 12.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Siantar Top Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Siantar Top Tbk (ISX:STTP) is currently considered Fairly Valued. The stock's GF Value™ is Rp10,869.06, compared to a current price of Rp9,975.00 — trading 8.2% below its estimated fair value. The current Altman Z-Score is 15.89, which is 30% above median its 10-year median of 12.26 and 459.5% above the Consumer Packaged Goods industry median of 2.84. PT Siantar Top Tbk's overall GF Score™ is 95/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For PT Siantar Top Tbk (ISX:STTP), the current Altman Z-Score is 15.89 as of Jun. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is PT Siantar Top Tbk (ISX:STTP) Overvalued in 2026?
Based on GuruFocus' analysis, PT Siantar Top Tbk stock appears to be undervalued.
The current stock price of Rp9,975.00 is trading 8.2% below its estimated GF Value™ of Rp10,869.06.
GuruFocus considers PT Siantar Top Tbk to be Fairly Valued.
Key valuation signals for ISX:STTP:
Altman Z-Score: 15.89 (30% above median its 10-year median of 12.26)
GF Value™: Rp10,869.06 vs. price of Rp9,975.00 (8.2% below fair value)
Industry Position: 459.5% above the Consumer Packaged Goods median (#87 of 1933)
No single metric tells the full story. See the ISX:STTP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Siantar Top Tbk is a snack manufacturing company. The company is principally engaged in the manufacturing of snacks such as crackers, noodles, candies, biscuits, and wafers. The company has two operating segments include the food processing segment, from the sales of rice, crackers, biscuits, wafers, and candy, and other segments that arise from the sales of flour and seasoning. The majority of the revenue is made from the food processing segment. The company operates in three key geographic locations of food processing in Sidoarjo, Medan and Bekasi.
95GF Score
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